(Sofcom) Sofcom complete technical analysis [charts+indicators] | Buy/Sell Sofcom | (Sofcom) share price targets
Complete technical analysis of Sofcom (Sofcom) by charts plus indicators, forecast predictions and share price targets for Sofcom (Sofcom)
10 day averaged volume of Sofcom is 24225
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 46.36 | 46.90 | 46.90 | 42.40 | 1.688 times |
| 29 Mon Apr 2024 | 45.72 | 51.00 | 51.00 | 45.40 | 1.16 times |
| 26 Fri Apr 2024 | 49.48 | 51.00 | 51.00 | 47.53 | 0.29 times |
| 25 Thu Apr 2024 | 49.34 | 53.15 | 54.70 | 47.00 | 1.424 times |
| 24 Wed Apr 2024 | 50.52 | 50.20 | 50.95 | 47.25 | 0.983 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 46.7, but if it comes above 46.7, then a intra day buy could be more profitable.
If you take a sell trade below 46.7, then use 46.7 as stoploss and 44.2 as target. However if you take a buy trade in stock , then use 46.7 as stoploss and 48.76 as target.
Share price targets for Sofcom (Sofcom)
| Target Type | Value |
| Downside Target | 38.40 |
| Downside Target | 41.00 |
| Downside Target | 42.40 |
| Downside Target | 44.00 |
| Downside Target | 45.30 |
| Upside Target | 46.99 |
| Upside Target | 51.00 |
| Upside Target | 52.50 |
| Upside Target | 54.70 |
| Upside Target | 55.00 |
| Upside Target | 56.95 |
| Upside Target | 59.00 |
| Upside Target | 59.90 |
| Upside Target | 63.10 |
Intraday share price targets for Sofcom (Sofcom)
| Target Type | Value |
| Downside Intraday Target | 42.17 |
| Downside Intraday Target | 37.99 |
| Upside Intraday Target | 50.77 |
| Upside Intraday Target | 55.19 |
| Upside Intraday Target | 46.59 |
Weekly technical analysis of Sofcom (Sofcom)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 46.36 | 51.00 | 51.00 | 42.40 | 0.517 times |
| 26 Fri Apr 2024 | 49.48 | 47.00 | 54.70 | 44.00 | 3.343 times |
| 19 Fri Apr 2024 | 47.23 | 51.00 | 51.00 | 45.30 | 0.39 times |
| 12 Fri Apr 2024 | 51.57 | 50.38 | 55.00 | 46.99 | 0.633 times |
| 05 Fri Apr 2024 | 50.45 | 42.79 | 52.50 | 41.00 | 9.019 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Sofcom (Sofcom)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 46.36 | 42.79 | 55.00 | 41.00 | 1.749 times |
| 28 Thu Mar 2024 | 40.26 | 56.95 | 56.95 | 38.40 | 0.379 times |
| 29 Thu Feb 2024 | 54.97 | 47.90 | 59.90 | 41.25 | 0.815 times |
| 31 Wed Jan 2024 | 44.90 | 50.00 | 59.00 | 44.17 | 1.883 times |
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Sofcom (Sofcom)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 15, 21, 17 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 33 | None |
| CCI | -129 | Sell |
| RSI | 45 | Sell |
| OBV | 218794 | Sell |
| VWAP | 47 | Sell |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Sofcom ( (Sofcom) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Sofcom ( (Sofcom) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Sofcom ( (Sofcom) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Sofcom ( (Sofcom) ) based on a mid to longer term time period is
ADX buy sell signal for Sofcom stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Sofcom in short term and the sell signal is strong.
Sofcom Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Sofcom in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Sofcom is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 47.37 and Sofcom (Sofcom) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Sofcom (Sofcom) stock. Volume based technical analysis of Sofcom (Sofcom) stock is negative.
Sofcom Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for further forecast and predictions for tomorrow
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